Venacá Teams With Globix Corporation to Offer Outsourced Solution For Media Asset Management
LAS VEGAS – April 18, 2004
NATIONAL ASSOCIATION OF BROADCASTERS SHOW, LAS VEGAS APRIL 18, 2004: Venacá a leader in media asset management, announced today that it has entered into a strategic partnership to provide an outsourced solution for media asset management and distribution with Globix Corporation, a world-wide provider of managed media, application and infrastructure services.
Very few providers have the capability to handle broadcast quality media assets. Globix is already trusted by its customers to encode and distribute live content and we see this as a natural extension of the services we offer, said Ed Warner, general manager of Media Services at Globix. Content providers still have massive archives of tape based assets in inventory that remain a hindrance to the implementation of new services and other efficient methods of content distribution. Our solution finally gives broadcasters a cost-efficient way to capitalize on the rising demand for advanced viewer services like VoD, and extend their ability to digitize and distribute content.
Venacás S3 platform was developed to specifically meet the demanding requirements for managing and editing broadcast quality video, audio, images and text. By combining S3 with Globix state-of-the-art content delivery network, managed media services, infrastructure and digital encoding capabilities, Globix provides a comprehensive solution for digital asset creation, storage and distribution.
Key benefits of the solution include:
“The partnership provides a unique channel by which customers can leverage our world-class Media Asset Management system without significant capital investment. It truly opens an entirely new and efficient way for customers to manage their digital media assets,” said Eric Bolten, vice president of Sales at Venacá.
According to industry analysts, the market for Digital Asset Management will grow to more than $9 billion per year by 2009. As part of the solution, Globix and Venaca help broadcasters with strategic migration plans, charting the course from analog to digital assets, and eventually to High Definition production and IP distribution. Globix will also assist clients in plotting intra- and inter-organizational workflows to enable more efficient management and distribution of digital content.
These services are the first step in helping broadcasters enhance the way they monetize their assets, giving them greater flexibility for development and a valuable method for distribution that is faster and more cost effective than in the past, said Warner. Consumers will soon find the promise of VoD a reality and discover a whole new way of interacting with the entertainment they receive.
Venacá is a leader in the Media Asset Management field. Venacás approach to media asset management is a simple one its S3 Single Source Solutions have been developed to reach across all media assets from video and audio to images and text. S3 is designed to allow companies various entry points to select from in implementing a media asset management strategy. The company is based in New York City. For more information, visit Venacá at www.venaca.com.
Globix (OTC BB: GBXX.OB) is a leading provider of managed Internet applications and infrastructure services for enterprises. Globix delivers and supports mission-critical applications and services via its secure Data Centers, high-performance global Tier 1 IP backbone, and content delivery network. Through Aptegrity, its managed services group, Globix provides remote management of custom and off-the-shelf web-based applications on any server, anywhere, at any time. By managing such complex e-commerce, database, content management and customer relationship management software for its clients, Globix helps them to protect Internet revenue streams, reduce technology operating costs and operating risk, and improve user satisfaction. Globixs clients are companies which use the Internet as a way to provide business benefits and sustain a competitive advantage in their markets. Our clients include operating divisions of Fortune 100 companies as well as mid-sized enterprises in a number of vertical markets including health care, media and publishing, technology and financial services. Globix and its subsidiaries have operations in New York, London, Santa Clara and Atlanta. Learn more about Globix at www.globix.com